Which statement best explains the relationship between economic wants and needs?
A) People do not need to fulfill either their needs or their wants to survive.
B)People must for fulfill their wants to survive but they do not need to fulfill their needs to survive.
C)People must fulfill their need to survive but they do not need to fulfill their wants to survive.
D) people must fulfill Both their needs and their wants to survive.
I’m not to sure about this question so if anyone can help me I would appreciate it thank you.
uhm ms. sue im real
The correct answer is:
C) People must fulfill their needs to survive but they do not need to fulfill their wants to survive.
Needs are the essential things required for survival, such as food, water, shelter, and clothing. On the other hand, wants are the desires or preferences that go beyond basic necessities, such as luxuries or non-essential goods and services. While fulfilling wants may contribute to a higher quality of life and personal satisfaction, they are not essential for survival. It is important to prioritize fulfilling needs before wants to ensure survival.
The statement that best explains the relationship between economic wants and needs is option C) People must fulfill their needs to survive but they do not need to fulfill their wants to survive.
To better understand this relationship, let's break down the concepts of wants and needs:
1. Needs: Needs refer to the essential things that are necessary for survival. These can include basic requirements such as food, shelter, clothing, and healthcare. Meeting these needs is critical for an individual's well-being and survival.
2. Wants: Wants, on the other hand, are desires that go beyond basic necessities. They are often influenced by personal preferences, societal influences, and individual goals. These can include things like luxury items, entertainment, travel, and other non-essential goods and services.
With that in mind, option C correctly states that fulfilling needs is crucial for survival. If individuals do not have access to the basic necessities required for survival, their health and overall well-being would be significantly compromised.
However, fulfilling wants is not essential for survival. Although wants can enhance quality of life and contribute to personal satisfaction and happiness, they are not required for survival itself. One can survive without fulfilling their wants.
Therefore, the correct statement is option C) People must fulfill their needs to survive, but they do not need to fulfill their wants to survive.
Please read and reread the answer choices. I'm sure when you understand all of them, you'll see the answer.
What do you think?